REG - GetBusy PLC - Result of AGM

GetbusyAnnouncement

21/05/2024 12:15

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RNS Number : 3152P  GetBusy PLC  21 May 2024

21 May 2024

GetBusy plc

("GetBusy" or the "Company" or the "Group")

Result of AGM

GetBusy plc (AIM: GETB), a leading provider of productivity software for
professional and financial services, announces that, at its AGM held today,
all resolutions put to the meeting were duly passed.

The results for each resolution were as follows:

 Resolution number  For         %        Against    %       Vote total  Vote total as % of issued share capital
 1                  24,095,099  77.24%   7,100,000  22.76%  31,195,099  61.69%
 2                  31,133,619  99.86%   45,000     0.14%   31,178,619  61.65%
 3                  31,133,619  99.86%   45,000     0.14%   31,178,619  61.65%
 4                  31,178,619  100.00%  0          0.00%   31,178,619  61.65%
 5                  24,033,619  77.08%   7,145,000  22.92%  31,178,619  61.65%
 6                  24,033,619  77.08%   7,145,000  22.92%  31,178,619  61.65%
 7                  31,195,099  100.00%  0          0.00%   31,195,099  61.69%
 8                  31,195,099  100.00%  0          0.00%   31,195,099  61.69%
 9                  23,940,099  76.74%   7,255,000  23.26%  31,195,099  61.69%
 10                 23,985,099  77.16%   7,100,000  22.84%  31,085,099  61.47%
 11                 24,095,099  77.24%   7,100,000  22.76%  31,195,099  61.69%

 

The Company's largest institutional shareholder, Business Growth Fund ("BGF"),
voted against ordinary resolutions 1, 5 and 6 and special resolutions 9, 10
and 11.  The board is disappointed that BGF elected to have no engagement
with the Company regarding these resolutions prior to casting its votes and
notes that BGF is isolated among the Company's shareholders in its decision to
vote in this manner.  It also notes that special resolutions 9, 10 and 11 are
administrative resolutions recognised and recommended within the Pre-Emption
Group's Statement of Principles and are considered standard across UK public
markets; consequently, the board finds BGF's votes against these resolutions
perplexing.

The board continues to follow a strategic path agreed with all other major
shareholders, including institutions, other than BGF and remains confident
that path is in the long-term interest of all stakeholders.

 

GetBusy plc

investors@getbusy.com

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)         +44 (0)20 7220 0500

 Matt Goode / Charlie Beeson / Trisyia Jamaludin (Corporate Finance)

 Harriet Ward (ECM)

About GetBusy

GetBusy's specialist productivity software solutions enable growing businesses
to work securely and efficiently with their customers, suppliers and teams
anytime, anywhere.  Our solutions can be delivered flexibly across cloud,
mobile, hosted and on-premise platforms, whilst integrating seamlessly with a
wide variety of other class-leading core business systems.

With over 73,000 paying users and over 3 million collaborators across multiple
market sectors and jurisdictions, GetBusy is an established and fast-growing
SaaS business delivering sustained double-digit growth in high-quality
recurring subscription revenue over the long term.

Further information on the Group is available at www.getbusyplc.com

 

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